KB Kookmin Bank raises the non-face-to-face variable-rate mortgage rate by 0.20percentage points
KB Kookmin Bank has 2026 year 6 month 8 day raised the non-face-to-face variable-rate mortgage rate by 0.20 percentage points. Banks are raising variable-rate mortgage rates as they reflect deposit-rate trends in lending rates.
Variable-rate mortgage rates across the banking sector are rising in line with deposit-rate trends. Some variable-rate mortgages had previously reflected rate increases to a lesser extent. Banks are adjusting lending rates, citing higher deposit rates.
KB Kookmin Bank has 2026 year 6 month 8 raised the variable rate on non-face-to-face mortgages by 0.20 percentage points. The increase applies to products exclusively available through non-face-to-face channels. The bank said it reflected the level of deposit rates.
The measure is related to the interest burden of customers holding variable-rate loans. Interest rates on variable-rate loans change according to the benchmark indicator or the bank’s interest-rate policy. As a result, higher deposit rates are linked to lending rates.
Variable rates for some banks and products remain relatively low. The timing and extent of rate adjustments differ by bank and product. Customers need to check how interest rates are calculated under the terms of their loans.
The rate increase will be reflected based on the effective date. KB Kookmin Bank’s latest increase will take effect in 6the month of 8. Whether other banks make subsequent adjustments will depend on announcements from each bank.